GBPUSD 2016-12-29
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/12/18070157/5864f7552c868-750x430.png)
market managed to meet first target 1.2200 yesterday before heading for rebound correction
market still facing the old resistance 1.2300-20 where as long as market holding below another drop wave will be expected toward second target 1.2100
above 1.2320 more advance toward 1.2400 will be expected
Support | Resistance | |
Level 1 | 1.2240 | 1.2300-20 |
Level 2 | 1.2200 | 1.2400 |
Level 3 | 1.2100 | 1.2480 |